Featured Savings Rates
Featured Accounts

First Federal of Northern Michigan

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.50%Reward CheckingEagle Rewards Checking
1.35%5-year CD60 Months HSA CD
0.25%1-year CD12 Months HSA CD

Overview / Commentary
989-356-9041
100 South Second Avenue
Alpena, MI 49707

First Federal of Northern Michigan is headquartered in Alpena and is the 36th largest bank in the state of Michigan. It is also the 2,036th largest bank in the nation. It was established in 1957 and as of September of 2016, it had grown to 94 employees at 8 locations. First Federal of Northern Michigan has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #30985
Year Established1957
Employees94
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD2.33%
Annual Interest Income$8.0MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$329.2MM$338.6MM
LoansQ3 2016vs Q3 2015$172.4MM$168.3MM
DepositsQ3 2016vs Q3 2015$273.6MM$280.4MM
Equity CapitalQ3 2016vs Q3 2015$31.4MM$32.0MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.7MM$1.5MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.0MM$1.8MM
Real Estate OwnedQ3 2016vs Q3 2015$546.00K$1.7MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal of Northern Michigan Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100-Health Savings Account
0.05%--Statement Savings
0.05%--Advantage Savings
0.05%--Works Plus Savings
0.05%--Minor Savings
0.05%--MIUTMA Savings
0.05%--Christmas Club Account
0.05%--ETA Statement Savings
0.05%--Business Savings
0.05%--IRA Statement Savings
0.05%--Roth IRA Statement Savings
0.05%--CESA Statement Savings

First Federal of Northern Michigan Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Eagle Money Market Savings
OTHER TIERS: 0.10% Up to $20k | 0.15% $20k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k
0.20%*$75k*-Money Market
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.15% $50k - $75k
0.20%*$75k*-Business Money Market
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.15% $50k - $75k

First Federal of Northern Michigan Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$25kEagle Rewards Checking
OTHER TIERS: 0.15% $25k+
0.15%*$25k*-Premium Business NOW
OTHER TIERS: 0.05% $500 - $5k | 0.10% $5k - $25k
0.15%*$25k*-Eagle Premier Checking
OTHER TIERS: 0.05% $500 - $5k | 0.10% $5k - $25k
0.15%*$25k*-First Freedom Club Checking
OTHER TIERS: 0.05% $500 - $5k | 0.10% $5k - $25k
0.10%*$5k*-Business Interest Checking
OTHER TIERS: 0.05% $500 - $5k

First Federal of Northern Michigan CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500-60 Months CD
1.35%$500-60 Months HSA CD
1.35%$100-60 Months Youth CD
1.10%$500-48 Months CD
1.10%$500-48 Months HSA CD
1.10%$100-48 Months Youth CD
0.85%$500-36 Months CD
0.85%$500-36 Months HSA CD
0.85%$100-36 Months Youth CD
0.50%$500-24 Months CD
0.50%$500-24 Months HSA CD
0.50%$100-24 Months Youth CD
0.35%$500-18 Months CD
0.35%$250-18 Months HSA CD
0.35%$100-18 Months Youth CD
0.25%$500-12 Months CD
0.25%$250-12 Months HSA CD
0.25%$100-12 Months Youth CD
0.20%$500-15 Months Easy Access CD
0.20%$100-15 Months Easy Access Youth CD
0.15%$500-6 Months CD
0.15%$250-6 Months HSA CD
0.15%$100-6 Months Youth CD
0.10%$500-3 Months CD
0.10%$250-3 Months HSA CD
0.10%$100-3 Months Youth CD
0.10%$500-7 Months Easy Access CD
0.10%$100-7 Months Easy Access Youth CD

First Federal of Northern Michigan IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500-60 Months IRA
1.10%$500-48 Months IRA
0.85%$500-36 Months IRA
0.50%$500-24 Months IRA
0.35%$250-18 Months IRA
0.25%$250-12 Months IRA
0.15%$250-6 Months IRA
0.10%$250-3 Months IRA
Locations


First Federal of Northern Michigan Locations
First Federal Of Northern Michigan100 South Second AvenueAlpena, MI 49707
Gaylord Branch1000 S Wisconsin AveGaylord, MI 49735
Cheboygan Branch101 South MainCheboygan, MI 49721
Oscoda Branch201 North State StreetOscoda, MI 48750
Lewiston Branch2885 S. County Road 489Lewiston, MI 49756
Mio Branch308 N Morenci StreetMio, MI 48647
Alanson Branch6230 River StreetAlanson, MI 49706
Bank Of Alpena Main Office Branch468 Ripley BoulevardAlpena, MI 49707